NABARD came into existence in:

Correct option is B

The correct answer is (b) 1982.

Explanation:
The National Bank for Agriculture and Rural Development (NABARD) was established in 1982 by an Act of Parliament to provide credit and support for the promotion and development of agriculture, small-scale industries, cottage industries, and rural development projects.

Information Booster:

• NABARD plays a key role in the implementation of rural development programs, including financial inclusion and agricultural credit.
• It focuses on providing financial assistance for various projects related to agriculture and rural infrastructure development.
• It is also involved in supervising and regulating regional rural banks (RRBs) and cooperative banks.
• NABARD is known for supporting initiatives like the Self-Help Groups (SHGs) and microfinance to promote empowerment in rural areas.